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TON Blockchain TVL Reaches $600 Million, Thanks to Telegram Integration
The Open Network (TON) blockchain has reached a record $609.78 million in total value locked (TVL).
What’s the meaning?: This surge highlights the rapid growth and increasing adoption of TON, driven by its integration with Telegram, a messaging app with more than 900 million users.
The numbers:
- TVL Growth: From $ 300 million to $ 609.78 million in three weeks, as per The block.
The rise of TON in TVL is reflected in its price action.
- It previously reached a new all-time high above $8 and eclipsed ADA to become part of the top 10 cryptocurrencies by market capitalization.
- It is the only major cryptocurrency that is up over the previous 7 days.
Mini-app that incentivizes users to participate, such as growing number of Telegram games it also gave users a reason to sign up and stay on the platform. Some, like Pixelversethey also receive major investments from major venture capital firms.
StillAs Telegram grows, cybercriminals are also attacking users of the platform.
What’s next: Telegram starsan in-app monetization model, as well as the continued rise of Telegram games like Hamster fightingcould provide more incentives to users of the platform and encourage other users to join.
to know more information about Telegram:
This article is published on BitPinas: TON Blockchain TVL Reaches $610 Million, Thanks to Telegram Integration
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